CI&T Inc (NYSE:CINT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of CI&T Inc (NYSE:CINT – Get Rating) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 336,846 shares of the company’s stock after selling 41,936 shares during the quarter. Russell Investments Group Ltd. owned 0.25% of CI&T worth $2,189,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CINT. Bank of America Corp DE raised its holdings in CI&T by 197.2% during the first quarter. Bank of America Corp DE now owns 229,350 shares of the company’s stock worth $3,674,000 after purchasing an additional 152,168 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of CI&T in the third quarter worth $649,000. Mondrian Investment Partners LTD raised its holdings in shares of CI&T by 11.5% in the fourth quarter. Mondrian Investment Partners LTD now owns 631,626 shares of the company’s stock worth $4,106,000 after acquiring an additional 65,059 shares during the last quarter. State Street Corp acquired a new position in shares of CI&T in the third quarter worth $394,000. Finally, Renaissance Technologies LLC acquired a new position in shares of CI&T in the first quarter worth $644,000. 9.36% of the stock is owned by institutional investors and hedge funds.

CI&T Price Performance

CINT stock opened at $3.57 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.43. CI&T Inc has a 1 year low of $3.34 and a 1 year high of $16.15. The firm has a market cap of $477.72 million, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.45 and a beta of 0.83. The stock has a 50-day simple moving average of $4.55 and a 200-day simple moving average of $6.03.

CI&T (NYSE:CINT – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). CI&T had a net margin of 5.74% and a return on equity of 18.51%. The business had revenue of $116.26 million for the quarter, compared to analyst estimates of $115.62 million. On average, equities analysts predict that CI&T Inc will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on CI&T from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 9th. Citigroup cut their price target on CI&T from $8.00 to $6.50 in a report on Monday, May 1st. Finally, Bank of America cut their price target on CI&T from $8.00 to $7.00 in a report on Wednesday, May 10th.

CI&T Company Profile

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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.